Family Fun Time, Inc. makes board games. The following data pertains to the last s-Manufacturing Overhead$295,000Direct Labor HoursMonth 145,000$313,000$323,000$247,250$178,200$164,500Month 265,000Month 357,000Month 452,000Month 534,000Month 632,000Based on this data, what is the value of "f" in the equation y = vx + f? (Round intermeO A. $20,500O B. $32,900O C. $158,500O D. $148,500

Variable cost = ( Cost at highest activity - Cost at lowest activity ) / ( Highest activity - Lowest…

Family Fun Time, Inc. makes board games. The following data pertains to the last Direct Labor Hours Manufacturing Overhead $295,000 $313,000 $323,000 Month 1 45,000 Month 2 65,000 57,000 52,000 Month 3 Month 4 $247,250 Month 5 34,000 $178,200 Month 6 32,000 $164,500 Based on this data, what is the value of "f" in the equation y = vx + f? (Round interme

Family Fun Time, Inc. makes board games. The following data pertains to the last Direct Labor Hours Manufacturing Overhead $295,000 $313,000 $323,000 Month 1 45,000 Month 2 65,000 57,000 52,000 Month 3 Month 4 $247,250 Month 5 34,000 $178,200 Month 6 32,000 $164,500 Based on this data, what is the value of "f" in the equation y = vx + f? (Round interme

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Family Fun Time, Inc. makes board games. The following data pertains to the last six months: Manufacturing Overhead Direct Labor Hours 45,000 63,000 57,000 Month 1 Month 2 Month 3 Month 4 Month 5 $247,250 $178,200 $165,500 Month 6 Based on this data, what is the linear cost equation? (Round intermediary calculations to the nearest cent. Use the "high" data month to calculate your final answer. Do not use the "low" month, as it will result in an approximation of the cost.) 52,000 34,000 24,000 O A. y = $0.26X + $152,500 O B. y = $5.40X + $33,100 O C. y = $3.91X + $71,670 O D. Cannot be determined from information given. $295,000 $318,000 $323,000
Stuart Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells between 10,000 and 16,000 trophies per year. The following cost data apply to various activity levels: Required Complete the following table by filling in the missing amounts for the levels of activity shown in the first row of the table. Note: Round "Cost per unit" answers to 2 decimal places. Number of Trophies Total costs incurred Fixed Variable Total costs Cost per unit Fixed Variable Total cost per trophy $ 66,000 $ 42,000 $ 108,000 $ $ 10,000 $ 6.60 4.20 10.80 12,000 $' 14,000 4,20 4.20 $ 66,000 $ 66,000 $ 66,000 50,400 58,800 67,200 116,400 $ 124,800 $ 133,200 4.20 4.20 16,000 $ 4.20 4.20
A cement manufacturer has supplied the following data: Tons of cement produced and sold Sales revenue 260,000 $ 1,118,000 Variable manufacturing expense $ 429,000 Fixed manufacturing expense $ 288,000 $ 91,000 Variable selling and administrative expense Fixed selling and administrative expense Net operating income $ 228,000 $82,000 What is the company's unit contribution margin? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $4.30 per unit $0.32 per unit h
T3.
D8.
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Need help with this problem (number 27). Need help with the blank data. Thanks!
Compute the manufacturing cost per unit for each product.